When conducting estate planning in Florida, one of the biggest questions you may have is how to ensure your estate avoids probate. Forbes notes that if you have a will, your assets will pass through probate. This is a lengthy and sometimes expensive process. While some states have enacted new changes that streamlined the process, it is still best to avoid it as much as possible.
All estate planning documents should include a valid power of attorney. If you appointed a friend or relative as your power of attorney quite some time ago, circumstances may have changed that cause you to need to revoke this designation.
Running your own business can be rewarding and offer you the kind of freedom most people can only dream of having. However, assuming the role of creator and operator for a company also comes with a lot of responsibility. You will have to consider things that most people never do and learn skills that you never would need if you were just an employee somewhere.
According to Forbes, Florida is an investor’s dream. The migration of snowbirds, retirees and foreign entrepreneurs cause continual shifts in home prices. The recession remains one of the main factors that ever affected the home prices in Florida. Home prices more than doubled before the recession, but then dropped to 60% afterward. Since then, home prices have begun a steep climb yet again.